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Nov 13, 2012
11/12
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it's a little different in cities, in our experience. we have 300 universities now, we announced that in the quarter, that we now have a network of 300 schools. so the millennials in particular, and people who live in cities, are thinking very differently about transportation. you see these new services coming along, i think the mobile phone and mobile technologies will be as important to transportation as the invention of the car itself. and we've seen this coming for years. and why is because people are now choosing to use zipcar, they're taking bike sharing, they're even figuring out when the subway or bus is coming through their mobile phone app. and oober, this sort of instant access by the trip, in making choices through a series of mobile phone apps is where the world is moving, especially in millennials and particularly in cities. so we think that will buck the trend that you just said. and while that people are buying more cars, we think this idea of buying mobility by the trip through mobile phone apps, including zipcar, is rea
it's a little different in cities, in our experience. we have 300 universities now, we announced that in the quarter, that we now have a network of 300 schools. so the millennials in particular, and people who live in cities, are thinking very differently about transportation. you see these new services coming along, i think the mobile phone and mobile technologies will be as important to transportation as the invention of the car itself. and we've seen this coming for years. and why is because...
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Nov 15, 2012
11/12
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and you filed a proposal on behalf of some shareholders of yours, essentially asking citi to explore breaking up the bank along business lines, so potentially that could be four separate businesses. what has prompted this? >> what prompted this was we were looking at the large banks, the banks that were too big to fail and when we looked at the relative valuations, we looked at the city to be one with the most up sides when concerned with this type of action, when we look at anything, we look at the governing positions. we established a position and are asking them to look at what could the vol be in terms of the potential if we were to unlock this valuation by breaking this up. >> the business lines retail bank, an investment bank, a trust company and a credit card company. according to your back of the envelope calculations what, could that be at this point. >> we estimate it could be up about 50%. there's lots of variations on what they determine what is the best way to do this in the outcome? we think there's up to 50% up sides on trying to unlock the value here. >> they just fir
and you filed a proposal on behalf of some shareholders of yours, essentially asking citi to explore breaking up the bank along business lines, so potentially that could be four separate businesses. what has prompted this? >> what prompted this was we were looking at the large banks, the banks that were too big to fail and when we looked at the relative valuations, we looked at the city to be one with the most up sides when concerned with this type of action, when we look at anything, we...
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Nov 12, 2012
11/12
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CNBC
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citi upgrading from buy to neutral. they are saying that lucas films acquisition will weigh short terms on profits but it paves the way for a good 2014 and 2015. stock is moving up higher in line with markets. we watch shares of leucadia. nice run. down 1.8% now. >> jeffries up 15%, 16%. the deal we've talked about this morning. bob is talking about richard who will be ceo of the combined company. two very large shareholders in leucadia am mr. steinberg and mr. cummings. leucadia 9.4% annualized return since the beginning of 2000. over the last 12, almost 13 years. jeffries at 9.2%. compared to 1.6% for the s&p. wouldn't know that. my other favorite chart. we can't show it to you here because we don't have it ready for you. nobody tells you your hair looks like that. >> looks good. >> look at those numbers. >> how far behind this bank group is incredible. >> jeffries up 159% since 2000. >> great chart. >> they hope they can do more of the same. obviously existing jeffries shareholders will participate. they're not going
citi upgrading from buy to neutral. they are saying that lucas films acquisition will weigh short terms on profits but it paves the way for a good 2014 and 2015. stock is moving up higher in line with markets. we watch shares of leucadia. nice run. down 1.8% now. >> jeffries up 15%, 16%. the deal we've talked about this morning. bob is talking about richard who will be ceo of the combined company. two very large shareholders in leucadia am mr. steinberg and mr. cummings. leucadia 9.4%...
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Nov 8, 2012
11/12
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detroit and los angeles a couple of cities they're considering. would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with big factories. we are called chip designers and somebody builds them for us. we hope to see growth in the united states. i mean -- >> all right. we were going the lose that shot at 9:50 eastern time. >> the edge on that one. >> you want to use every single second. >> someone like paul jacobs. >> people. at home should know we knew this was coming and didn't want to let you down. bet tore hear from him than from us. this is the most important guy trying to save the market today. >> right. >> and so we did go over and that's what happe
detroit and los angeles a couple of cities they're considering. would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we...
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Nov 9, 2012
11/12
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today gasoline rationing has hit new york city. mayor bloomberg putting that into effect. can you only fill up on every other day based on your license plate number so that's something traders are talking about as well because many traders here on this floor are affected by that. we're also looking at gold prices at a tree-week high. it may not be a good thing because it's a safe haven bid. tradesers worried about the fiscal cliff. also thinking maybe we'll see more accommodative policy, another reason to bid up gold. we're seeing new buyers coming into the gold market. they're also looking at activity in the gold etfs which have been strong. looking at gold prices perhaps making that march back to the 1800 level. back to you. >> thank you, sharon epperson. jcpenney is at a crossroads, big earnings miss, two weeks before black friday. is time running out for ceo ron johnson? diageo, paul walsh, expanding their presence in india. early movers on wall street, igt up 4.5%. >>> take a look at the dow heat map. disney leading laggard down by 5%. green there, microsoft making a
today gasoline rationing has hit new york city. mayor bloomberg putting that into effect. can you only fill up on every other day based on your license plate number so that's something traders are talking about as well because many traders here on this floor are affected by that. we're also looking at gold prices at a tree-week high. it may not be a good thing because it's a safe haven bid. tradesers worried about the fiscal cliff. also thinking maybe we'll see more accommodative policy,...